7-Step Action Plan to Manage Your ERM

As a contractor, you want a business that insurance providers can trust. One of the pillars of that trust is your experience rating modifier (ERM), the measure of your company's loss experience compared with others in your field. Keeping your ERM low requires a close attention to how your business deals with loss and loss frequency. These steps will give you a blueprint of business practices designed to manage your ERM and ease your insurance worries.